I am a full time trader as of last year, and not concerned about capital gain or loss as i do not hold any stock more than couple of months.
My question is about Revenue losses as they are applicable to Traders and not investors.
Can Revenue Losses be carried forward to the following financial years?
- If yes, then i need to sell my paper losses this FY and claim it through ATO for subsequent financial years.
- If no, then i need to hold my paper losses to following year.
